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Following its successful adoption of contactless payment cards, UK transport body Transport for London (TfL) has opened a public consultation on proposals to remove the option to pay by cash on all bus services London in 2014. TfL says that cash fares are expected to fall to less than 1% of total bus journeys this [...]

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UK consumers are being put off making mobile payments through existing providers by security fears, lengthy sign-up processes and problems making payments outside of individual schemes, according to new research published by UK mobile payments scheme Zapp. The survey of 2,000 UK consumers found that just 17% of consumers have made a mobile payment and [...]

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The number of payment cards worldwide increased by 12% in 2012 to reach a landmark 10 billion, according to a new report from research and consulting firm Retail Banking Research (RBR), which also found that China UnionPay has continued to extend its lead over other card schemes as a result of continued rapid expansion of [...]

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More than 40% of UK bank and building society branches have disappeared since 1989, although the rate of closures has declined since the turn of the century, according to research from Nottingham University, which found that between 1989 and 2012 there was a net loss of nearly 7,500 branches. Although the rise of online and [...]

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According to new research from Auriemma Consulting Group (ACG), which looked at unique consumer segments based on consumers’ interest and usage of mobile and emerging payments, no significant differences existed based on risk profiles or credit lines, meaning the traditional risk-based segmentation used by banks is not relevant for mobile and emerging payments. Instead, attitudinal [...]

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